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GARMIN LTD — Director's Dealing 2014
Nov 7, 2014
30027_dirs_2014-11-07_0e5e3afc-7469-49c6-8304-ab6d2def1a98.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GARMIN LTD (GRMN)
CIK: 0001121788
Period of Report: 2014-11-05
Reporting Person: RAUCKMAN KEVIN (VP, Executive Office)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-11-05 | Registered Shares | M | 12000 | $30.66 | Acquired | 51431 | Direct |
| 2014-11-05 | Registered Shares | D | 6609 | $55.67 | Disposed | 44822 | Direct |
| 2014-11-05 | Registered Shares | M | 15000 | $46.15 | Acquired | 59822 | Direct |
| 2014-11-05 | Registered Shares | D | 12435 | $55.67 | Disposed | 47387 | Direct |
| 2014-11-05 | Registered Shares | M | 15000 | $51.07 | Acquired | 62387 | Direct |
| 2014-11-05 | Registered Shares | D | 13761 | $55.67 | Disposed | 48626 | Direct |
| 2014-11-05 | Registered Shares | M | 20000 | $50.97 | Acquired | 68626 | Direct |
| 2014-11-05 | Registered Shares | D | 18312 | $55.67 | Disposed | 50314 | Direct |
| 2014-11-05 | Registered Shares | M | 5644 | $39.71 | Acquired | 55958 | Direct |
| 2014-11-05 | Registered Shares | M | 3195 | $42.16 | Acquired | 59153 | Direct |
| 2014-11-05 | Registered Shares | S | 8839 | $55.68 | Disposed | 50314 | Direct |
| 2014-11-05 | Registered Shares | S | 10883 | $55.72 | Disposed | 39431 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-11-05 | Stock-settled stock appreciation right | $30.66 | M | 12000 | Disposed | 2015-12-16 | Registered Shares (12000) | Direct |
| 2014-11-05 | Stock-settled stock appreciation right | $46.15 | M | 15000 | Disposed | 2015-06-09 | Registered Shares (15000) | Direct |
| 2014-11-05 | Stock-settled stock appreciation right | $51.07 | M | 15000 | Disposed | 2016-12-05 | Registered Shares (15000) | Direct |
| 2014-11-05 | Stock-settled stock appreciation right | $50.97 | M | 20000 | Disposed | 2018-06-06 | Registered Shares (20000) | Direct |
| 2014-11-05 | Employee stock option (right to buy) | $39.71 | M | 5644 | Disposed | 2021-12-28 | Registered Shares (5644) | Direct |
| 2014-11-05 | Employee stock option (right to buy) | $42.16 | M | 3195 | Disposed | 2022-12-10 | Registered Shares (3195) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Registered Shares | 2850 | Indirect |
| Registered Shares | 300 | Indirect |
Footnotes
F1: Includes 14,930 unvested shares acquired pursuant to prior awards of restricted stock units and 294 shares acquired in June 2014 under the Employee Stock Purchase Plan.
F2: This is a weighted average price. The Registered Shares were sold in separate transactions on the same day at prices ranging from $55.66 to $55.77. The reporting person undertakes to provide to Garmin Ltd., any security holder of Garmin Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Registered Shares sold at each separate price within the range set forth in this Footnote.
F3: The stock appreciation right vested in five equal annual installments beginning on December 16, 2006.
F4: The stock appreciation right vested in five equal annual installments beginning on June 9, 2007.
F5: The stock appreciation right vested in five equal annual installments beginning on December 5, 2007.
F6: The stock appreciation right vested in five equal annual installments beginning on June 6, 2009.
F7: The stock option vests in five equal annual installments, beginning on December 28, 2012.
F8: The stock options vests in five equal annual installments, beginning on December 10, 2013.